On average, listings lease in the $10's per square foot per year. The South Ann Arbor region is going through a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 30% decrease in rent.
In the last 90 days, 57 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the listings in the South Ann Arbor are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,590 sqft. Most properties in this region are close to 2 stories. Most buildings in this market were built in 1976 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by taxi is the most popular way to get to work amongst South Ann Arbor residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.